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Cisco Drops Data-Storage Hardware Line

Cisco Systems Inc. said it would stop selling data-storage hardware, a business that it entered with its $415 million acquisition of Whiptail in 2013. New Jersey startup Whiptail specialized in equipment that stores data on chips known as flash memory rather than disk drives, a technology that has attracted many large and small competitors. Cisco, […]

Palantir Is Now Valued at $20 Billion

Palantir Technologies, a Silicon Valley startup that focuses on data mining, raised $450 million in a new fundraising round, the company announced Thursday in a filing with the U.S. Securities and Exchange Commission. The 11-year-old company, which sells software to government agencies and Wall Street, raised its round at a valuation of $20 billion, according […]

Can We Create an Ethical Robot?

As you try to imagine yourself cruising along in the self-driving car of the future, you may think first of the technical challenges: how an automated vehicle could deal with construction, bad weather or a deer in the headlights. But the more difficult challenges may have to do with ethics. Should your car swerve to […]

YouTube Creates Stars. Can It Keep Them?

YouTube created a new kind of celebrity. Now it has to treat them like stars or risk losing them. At the annual VidCon gathering of Internet video personalities, a battle of pitches is being waged this week between Google Inc.’s incumbent service and new rivals looking to lure away top online video talent. More than […]

Payments Startup Square Files Confidential IPO

Payments startup Square Inc. is aiming to end this year’s drought in prominent initial public offerings for tech companies. The San Francisco maker of credit card-reading devices has filed to hold an IPO, a person familiar with the matter said. Square filed its prospectus under the Jumpstart Our Business Startups Act, which permits companies with […]

Now Coming to E-Sports: Random Drug Testing

Now Coming to E-Sports: Random Drug Testing

By Sarah E. Needleman CONNECT A participant in an Electronic Sports League competition in Germany in 2009. Associated Press The surest sign yet that competitive videogames are becoming a real sport: drug testing. The Electronic Sports League, a company that organizes e-sports competitions world-wide, said Thursday it soon will start randomly testing players for use […]

SoundCloud Plans to Launch Subscription Service

BERLIN—Music distribution platform SoundCloud plans to launch a subscription service for consumers later this year as an additional means of generating revenue, said co-founder and Chief Technology Officer Eric Wahlforss, as royalty demands from record labels loom. SoundCloud offers a website and app where consumers can listen to music uploaded by artists and disc jockeys. […]

Pandora Media’s Revenue Up Sharply

Pandora Media Inc. on Thursday reported higher-than-expected revenue and adjusted profit, though the company’s overall loss deepened as expenses increased. Shares rose 6.6% in aftermarket hours. The California-based digital-music company said its results reflected advertising-revenue increases across all segments. Ad revenue rose 30% to…

Palantir Technologies Raises $450 Million in New Fundraising Effort

Palantir Technologies, a Silicon Valley startup that focuses on data mining, raised $450 million in a new fundraising round, the company announced Thursday in a filing with the U.S. Securities and Exchange Commission. The 11-year-old company, which sells software to government agencies and Wall Street, raised its round at a valuation of $20 billion, according […]

Airbnb Close to Hiring Laurence Tosi as CFO

Airbnb Inc. is close to hiring Blackstone Group LP’s chief financial officer, Laurence Tosi, as CFO of the home-rental service, people familiar with the matter said. Joan Solotar, currently head of external relations and strategy at Blackstone Group, is considered a leading internal candidate to succeed Mr. Tosi should he leave, some of the…

Airbnb Close to Hiring Laurence Tosi as CFO

Airbnb Inc. is close to hiring Blackstone Group LP’s chief financial officer, Laurence Tosi, as CFO of the home-rental service, people familiar with the matter said. Joan Solotar, currently head of external relations and strategy at Blackstone Group, is considered a leading internal candidate to succeed Mr. Tosi should he leave, some of the…

Technicolor to Buy Cisco Set-Top Box Unit for $600 Million

SAN FRANCISCO—Technicolor SA has agreed to buy Cisco Systems Inc.’s TV set-top business for about $600 million, one of the first signs of Cisco’s incoming chief executive’s priorities. The deal with the French company closes Cisco’s 10-year involvement in a business that sprung from one of its most costly acquisitions. The Silicon Valley giant in […]

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